CHATTANOOGA FC FOUNDATION INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Principal Officer

KRUE BROCK

Phone

7069874565

Tax Period

2023-01-01 to 2023-12-31

CHATTANOOGA FC FOUNDATION INC, founded in 2015, is a community nonprofit in the Recreation & Sports sector that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 8% surplus.

Mission

CHATTANOOGA FC FOUNDATION IS AN AFTER SCHOOL AND SUMMER SOCCER PROGRAM THAT SEEKS TO DEVELOP CREATIVITY, DISCIPLINE, SOCIAL SKILLS AND TEAM BUILDING OF ITS YOUTH THROUGH THE POWERFUL AVENUE OF SOCCER.

Program Service Accomplishments

Program 1

Expenses: $1,039,548 Revenue: $225,038

THE FOUNDATION USED CHATTANOOGA SPORTS MINISTRIES AND OPERATION GET ACTIVE PROGRAMS IN CLOSE PARTNERSHIP WITH LOCAL CHURCHES, SCHOOLS AND RECREATIONAL CENTERS TO LEAD YOUTH AND FAMILIES IN...

THE FOUNDATION USED CHATTANOOGA SPORTS MINISTRIES AND OPERATION GET ACTIVE PROGRAMS IN CLOSE PARTNERSHIP WITH LOCAL CHURCHES, SCHOOLS AND RECREATIONAL CENTERS TO LEAD YOUTH AND FAMILIES IN ECONOMICALLY OR CULTURALLY CHALLENGED NEIGHBORHOODS IN THE CHATTANOOGA COMMUNITY TO REACH NEW HEIGHTS BY FOSTERING RELATIONSHIPS AND ENCOURAGING HEALTHY LIFESTYLES THROUGH SOCCER. THIS UNIQUE AND EFFECTIVE WAY OF INVESTING IN CHILDREN'S DEVELOPMENT INSTIGATED SOCIAL CHANGE AND HELPED BUILD A STRONGER COMMUNITY. IN 2018, THE FOUNDATION WORKED WITH YOUNG PEOPLE IN 26 SCHOOLS, 10 REC CENTERS AND 4 NEIGHBORHOODS. THE FOUNDATION ALSO MANAGED HIGHLAND PARK COMMONS WHICH PROVIDED A SAFE AND HEALTHY ENVIRONMENT FOR MORE THAN A THOUSAND PEOPLE FROM 24 DIFFERENT COUNTRIES TO COME TOGETHER AND BUILD COMMUNITY BY PLAYING SOCCER.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $939,669

Program Service Revenue $225,038

Investment Income $121,055

Other Revenue $227,466

TOTAL REVENUE $1,513,228

Expense Breakdown

Grants Paid $0

Salaries & Benefits $569,777

Fundraising Expenses $43,108

Program Expenses $1,066,097

Other Expenses $827,613

TOTAL EXPENSES $1,397,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,513,228	$3,951,903	-0.6%
Expenses	$1,397,390	$1,329,648	+0.1%
Net Income	$115,838	$2,622,255	-1.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK BROCK	SECRETARY	N/A	Officer Director	$0	$0	$0
KRUE BROCK	CHAIRMAN	N/A	Officer Director	$0	$0	$0
HANNAH GRIGGS	BOARD MEMBER	N/A	Officer Director	$0	$0	$0
SHELDON GRIZZLE	VICE PRESIDE	N/A	Director	$0	$0	$0
DARYL HEALD	PRESIDENT	N/A	Officer Director	$0	$0	$0
TRIPP JOHNSTON	BOARD MEMBER	N/A	Director	$0	$0	$0
TYLER SIIRA	TREASURER	N/A	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$1,513,228	$1,397,390	$3,752,722	$115,838
2022	$3,951,903	$1,329,648	$3,186,034	$2,622,255
2021	$1,257,038	$1,263,311	$1,007,676	$-6,273
2020	$1,005,819	$745,137	$867,884	$260,682
2019	$842,592	$811,924	$190,016	$30,668
2019	$860,825	$806,121	$214,175	$54,704
2018	$792,616	$735,198	$143,443	$57,418